Commerce sets lower duty for Chinese magnesium firm
Dec 11, 2008 | 10:59 AM
| Tom Jennemann
The U.S. Commerce Department has set an anti-dumping duty of 0.63 percent on pure magnesium from Chinese exporter Tianjin Magnesium International Co. Ltd. (TMI).
The new rate is lower than that set in a preliminary ruling in June, when Commerce increased TMI's duty to 21.24 percent, and could help guarantee a steady supply of material from the Chinese company to the U.S. market, sources said.
The administrative review covered Chinese magnesium shipped from May 1, 2006, through April 30, 2007. In addition to establishing retroactive anti-dumping duties for that period, it also determines the deposit—zero—for future shipments from the company. ....
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